ARRANGEMENT OF SECTIONS

Go to Preamble

1. Part I

   The Duty of Care

   1. 1. The duty of care.

   2. 2. Application of duty of care.

2. Part II

   Investment

   1. 3. General power of investment.

   2. 4. Standard investment criteria.

   3. 5. Advice.

   4. 6. Restriction or exclusion of this Part etc.

   5. 7. Existing trusts.

3. Part III

   Acquisition of Land

   1. 8. Power to acquire freehold and leasehold land.

   2. 9. Restriction or exclusion of this Part etc.

   3. 10. Existing trusts.

4. Part IV

   Agents, nominees and custodians

   1. Agents

      1. 11. Power to employ agents.

      2. 12. Persons who may act as agents.

      3. 13. Linked functions etc.

      4. 14. Terms of agency.

      5. 15. Asset management: special restrictions.

   2. Nominees and custodians

      1. 16. Power to appoint nominees.

      2. 17. Power to appoint custodians.

      3. 18. Investment in bearer securities.

      4. 19. Persons who may be appointed as nominees or custodians.

      5. 20. Terms of appointment of nominees and custodians.

   3. Review of and liability for agents, nominees and custodians etc.

      1. 21. Application of sections 22 and 23.

      2. 22. Review of agents, nominees and custodians etc.

      3. 23. Liability for agents, nominees and custodians etc.

   4. Supplementary

      1. 24. Effect of trustees exceeding their powers.

      2. 25. Sole trustees.

      3. 26. Restriction or exclusion of this Part etc.

      4. 27. Existing trusts.

5. Part V

   Remuneration

   1. 28. Trustee’s entitlement to payment under trust instrument.

   2. 29. Remuneration of certain trustees.

   3. 30. Remuneration of trustees of charitable trusts.

   4. 31. Trustees' expenses.

   5. 32. Remuneration and expenses of agents, nominees and custodians.

   6. 33. Application.

6. Part VI

   Miscellaneous and Supplementary

   1. 34. Power to insure.

   2. 35. Personal representatives.

   3. 36. Pension schemes.

   4. 37. Authorised unit trusts.

   5. 38. Common investment schemes for charities etc.

   6. 39. Interpretation.

   7. 40. Minor and consequential amendments etc.

   8. 41. Power to amend other Acts.

   9. 42. Commencement and extent.

   10. 43. Short title.

7. Schedules:

   1. Schedule 1

      Application of duty of care.

   2. Schedule 2

      Minor and consequential amendments.

      1. Part I

         The Trustee Investments Act 1961 and the Charities Act 1993.

      2. Part II

         Other Public General Acts.

      3. Part III

         Measures.

   3. Schedule 3

      Transitional provisions and savings.

   4. Schedule 4

      Repeals.

      1. Part I

         The Trustee Investments Act 1961 and the Charities Act 1993.

      2. Part II

         Other repeals.